No President since Franklin Roosevelt has won re-election with unemployment higher than 7.2%, and Obama’s own economists in February predicted 8.6% unemployment in 2012. That number may yet be revised upward in light of recent economic headwinds, including the Japanese earthquake, gasoline prices approaching $4 a gallon and continued economic troubles in Europe. “We could use a break,” admits one Administration official. – Time

Economics
Comparing 2011 with 1937 – John Taylor
The world economy survives crisis after crisis – FT
There’s No Stimulant In Stimulus – IBD
Why Washington Has No Plans to Ride to the Economic Rescue – Time